Shares of Pioneer Energy Services Corp. (NYSE:PES) traded up 3.3% on Friday . The stock traded as high as $3.45 and last traded at $3.40, with a volume of 648,710 shares trading hands. The stock had previously closed at $3.29.

Several analysts recently weighed in on the stock. Wunderlich raised their target price on shares of Pioneer Energy Services Corp. from $2.00 to $3.00 and gave the company a “hold” rating in a report on Monday, May 2nd. Wells Fargo & Co. raised shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Simmons reaffirmed a “neutral” rating and issued a $3.00 target price (up previously from $2.00) on shares of Pioneer Energy Services Corp. in a report on Thursday, May 5th. Zacks Investment Research cut shares of Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a report on Thursday, July 14th. Finally, Piper Jaffray Cos. raised shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.44.

The firm’s market cap is $220.90 million. The stock has a 50-day moving average price of $3.93 and a 200 day moving average price of $2.88.

Pioneer Energy Services Corp. (NYSE:PES) last issued its earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.01. The firm had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $65.75 million. The firm’s revenue for the quarter was down 53.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.17) EPS. Equities research analysts predict that Pioneer Energy Services Corp. will post ($1.25) EPS for the current year.

In other news, Director C John Thompson sold 8,995 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $4.10, for a total transaction of $36,879.50. Following the completion of the sale, the director now owns 47,661 shares in the company, valued at approximately $195,410.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently bought a new stake in Pioneer Energy Services Corp. stock. Matarin Capital Management LLC purchased a new position in Pioneer Energy Services Corp. (NYSE:PES) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 612,903 shares of the company’s stock, valued at approximately $1,330,000. Matarin Capital Management LLC owned about 0.95% of Pioneer Energy Services Corp. as of its most recent filing with the SEC.

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia.

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